Typographica's list of their favorite typefaces of 2007. MAR 11 2008

The physical embodiment of a collection of letters (whether it's a case of metal pieces or a computer file) is a font. When referring to the design of the collection (the way it looks) you call it a typeface.

Oh and also good was that they were thoughtful enough to wait until 2007 was actually over to make their selections.